Fund launches & closures

Henderson shuts AlphaGen Acamar ‘broker best-ideas’ vehicle

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Henderson Global Investors is shutting down the AlphaGen Acamar ‘broker best-ideas’ fund that was formerly run by former Gartmore star equity managers Roger Guy and Guillaume Rambourg as the latest step in the rationalisation of the group’s hedge fund business in the wake of its acquisition of Gartmore earlier this year.

Since the departure of Rambourg and then Guy last year, the fund has been run by former Gartmore duo Tomas Pinto and Geoffrey Ayscough and currently has assets under management of around $35 million.

The two managers are leaving Henderson and market speculation suggests that they will